Fees & Costs

Mortgage Professionals are Licensed to Represent You

We know where the best rates can be found. We are dealing with mortgage rates and products every day of the year. This is our business, to know where the best deal is at, and secure it for you. Additionally, we have the benefit of dealing with multiple lenders at one time. These lenders provide us with a discounted rate to bring them new customers. What’s more, we have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.

At Always A Mortgage Corp. we take great pride in the service we provide. We have a vested interest in satisfying your needs. Why? Because the backbone of our business is your referral and repeat business.

We Represent You, Not the Lender

Because Brokers are not employees of a lending institution, we are not limited in the products we can offer you. As your Broker, we seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Private Lender, Trust or Insurance Company.

With the wide assortment of options and features available to homebuyers today shopping around takes a lot of time and effort. The mortgage process within today’s very competitive marketplace intimidates many Canadian homebuyers, so it pays to work with our Mortgage Professionals who will represent you and ensure that the mortgage you get is the one best suited to your needs. We have access to the latest information from over 100 mortgage lending institutions and the negotiating power of one of Canada’s most influential Mortgage Brokerages.

How We Get Paid

Mortgage Brokers and Agents are compensated by “A” Lenders (Banks) for arranging financing. The Bank will pay the Mortgage Brokerage a “Finders Fee”. In most cases there are no fees charged by the Broker to the client.*

In order to attract your business, lending institutions must allocate a portion of their income to marketing and sales, but representatives working for these institutions have only one financial product to sell – their own. Lenders know you won’t do business with them unless you have had ample opportunity to shop and compare. Therefore, it is in their best interest to compensate mortgage brokers for helping you do exactly that.

*Situations exist where specific clients or properties do not meet conventional lender expectations. In these cases, a mortgage broker may attempt to find suitable financing through alternate sources. A fee, agreed upon in advance, may be charged directly to the client by a mortgage broker, and in most cases paid via a redirection of funds from the mortgage arranged at the time of closing.